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June 13, 2007
ABC Radio Merger completed with Citadel
The Walt Disney Company and Citadel Broadcasting Corporation announced the completion today of Disney's spin-off of its wholly-owned subsidiary ABC Radio Holdings, Inc. and its subsequent merger with a wholly-owned subsidiary of Citadel. Prior to the spin-off, Disney transferred to ABC Radio Holdings its ABC Radio Business consisting of 22 large-market radio stations and the ABC Radio Network. The transaction did not include Disney's ESPN Radio or Radio Disney network and station businesses.
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Posted By: Figment! @ 9:03 PM | 
